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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Intl_Guy who wrote (19736)	5/9/1999 10:50:00 AM
From: Ms. X	Respond to of 34811

Well, of course you know Piff stands for PnF. Jorj and MPH (our resident Piff attorney) worked out the legality of all the PnF jargon. It was quite funny. Point and Figure Charting is one of the oldest charting methods around. Created by Charles Dow over 100 years ago, it measures supply and demand eliminating the "noise" of the market - to give a clear picture of a stocks direction and health. PnF also measures the relative strength of any stock or indices, against the strength of the market, indicating whether the stock is under performing or out performing the general market. PnF is one of the easiest charting methods to learn. We often call it the Zen way of investing. It provides a sense of calm and sane understanding of market direction. There is a lot to learn and it does take work. The true proficient is called an artist or craftsman in their field. Piff is used on the floor by traders who hand chart the stocks right on the floor in the middle of all the action! I wouldn't want to be them personally, but more power to them! :-) Piff is used in major brokerage houses and has been for many years, and because of the diligence of some including Tom Dorsey, the individual investor is now becoming more and more acquainted with the methodology. A well kept secret is out! weeheeee!! Anything else, just ask....